Giganews Creating Online Cloud Storage Service

Everyone’s favorite Usenet service is building a Usenet-based cloud storage system called Giganews Personal Storage. The service will use distributed Usenet nodes to store large files in the cloud and allow for quick downloads of multi-gigabyte files.

No further information is available but they seem to be fairly far along with the service which will compete with cloud drives like Dropbox and Sugarsync.

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